HR 1662
118th Congress
House
Finance and Financial Sector
Emergency Liquidity Act of 2023
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2023
Referred to the House Committee on Financial Services.
Mar 17, 2023
Introduced in House
Plain-English summary
Emergency Liquidity Act of 2023
This bill requires the Board of Governors of the Federal Reserve System to establish and maintain a permanent emergency lending program through which a Federal reserve bank may provide short-term liquidity to member banks or other depository institutions that pledge collateral eligible for purchase by the Federal reserve banks in open market operations.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1